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Intel soars 10% on new CEO, but can the rally last?

Intel stock price jumped 10% after-hours following the appointment of a new CEO, but key price levels will determine the sustainability of this surge.

13-Mar-2025•Bazaar Bhardwaj

Intel soars 10% on new CEO, but can the rally last? AI-generated image

Intel Corporation (INTC) stock witnessed a remarkable 10% jump in after-hours trading on Wednesday, March 12, 2025, following the appointment of Lip-Bu Tan, a seasoned chip industry veteran and former board member, as the new CEO. The stock closed at $20.68, but surged to $22.84 in extended trading on the NASDAQ exchange.

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